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Stocks move higher in early trading on Wall Street

4 years 2 weeks 6 days ago June 04, 2013 Jun 4, 2013 Tuesday, June 04 2013 June 04, 2013 8:01 AM in News
Source: AP

NEW YORK- Stocks are opening higher on Wall Street after encouraging news about home prices and trade.

The Dow Jones industrial average was up 26 points at 15,280 shortly after the opening bell Tuesday, a gain of 0.2 percent.

The Standard & Poor's 500 index was up three points at 1,644, or 0.2 percent. The Nasdaq composite rose nine points to 3,474, or 0.3 percent.

Real estate data provider CoreLogic reported that home prices jumped 12.1 percent in April from a year earlier, the biggest gain since February 2006.

The government reported that the country's trade deficit in April was narrower than economists had expected.

General Motors rose 2 percent after the stock was added to the S&P 500 index. Dollar General fell 7 percent after cutting its earnings and revenue forecast.

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